Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Investors snap up shares as semiconductor group IQE raises £95mln

The placing shares represent approximately 9.9% of the AIM-listed group’s share capital.
picture of headset
3D applications are booming

Shares in semiconductor wafer specialist IQE plc (LON: IQE) shot higher as it revealed investors had snapped up shares in a placing to raise £95mln.

IQE announced the placing after the market closed last night at 140p, or no premium to the prevailing market price.

WATCH: IQE set to break through £1 zone before end of August

The placing shares represent approximately 9.9% of the AIM-listed group’s share capital.

IQE will use the money to expand its manufacturing capability for a new type of semiconductor wafer (VCSEL) used in new ranges of 3D gaming applications.

READ: IQE's track record of growth will continue, Peel Hunt says as it upgrades stock to 'buy'

The company has been one of AIM’s best performers this year with the share price rising more than four-fold.

It rose 17% to 164.2p today.

View full IQE profile View Profile

IQE plc Timeline

RNS
February 08 2018
RNS
February 08 2018
RNS
December 21 2017
RNS
July 20 2017
Newswire
May 03 2013
RNS
July 31 2012
RNS
April 10 2012
RNS
February 08 2012

Related Articles

CloudTag app
March 28 2017
The company, which historically got most of its funding from long-term private investors, will continue as a private company.
Jobs market
September 19 2017
A flexible jobs market, an increase in short-term contracts - all play to the strengths of the specialist in background checks
1505724201_learningtechnology.jpg
September 18 2017
Broker Numis thinks the benefits of the NetDimensions deal will be felt in the fourth quarter

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use